SHAREHOLDER ALERT: Law Firm Of Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Community Financial Corporation In Connection With The Sale Of The Company To City Holding Company
Levi & Korsinsky is investigating the Board of Directors of Community Financial Corp. (“Community Financial” or the “Company”) (Nasdaq: CFFC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to City Holding Co. (Nasdaq: CHCO).
Click here to learn more about the investigation: http://zlk.9nl.com/community-financial-corp-cffc, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Community Financial shareholders will receive 0.1753 shares of City Holding Co. common stock for each share of Community Financial stock they own, representing a value of approximately $6 per share. The transaction has an approximate total value of $26.1 million. The investigation concerns whether the Community Financial Board of Directors breached their fiduciary duties to Community Financial stockholders by failing to adequately shop the Company before entering into this transaction and whether City Holding Co. is underpaying for Community Financial shares, thus unlawfully harming Community Financial stockholders. In particular, Community Financial has a reported Book Value of $8.71 per share, for the most recent quarter.
If you own common stock in Community Financial and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/community-financial-corp-cffc.Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
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